Chapter 229 Rapid Development
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At the end of August, as Ye Xiang predicted, Boya's stock fell to a historical low of US$2 per share. Most of the stocks of small and medium-sized network technology companies listed in Nasdaq, the United States, fell below US$1 and were forced to delist. The companies went bankrupt one after another. Only some large network technology companies rely on their strong strength to support them, but the stock prices also remained between US$2 and US$6. Stock investors completely lost confidence in network technology stocks.
Ye Xiang had already entered the Department of Economics of Donghai University at this time, and convinced his parents to agree that he lived in the school. Ye Xiang realized that Boya's stock could not continue to fall, and that would be risked to be forced to delist. At this time, he entered the market support. First, he could achieve absolute control at the lowest price. Second, he could make Boya's stock aligned with those large network technology companies. After all, Boya has developed to this day and has become a large comprehensive website, but compared with those portal websites, there is still a certain gap. Third, it is to show Boya's strength to shareholders and regain confidence, so as to facilitate the rapid rise of the Internet technology in the future. It is a good thing that can be achieved in one fell swoop.
Ye Xiang talked to Song Xiaoran and immediately received her positive response. After all, Boya devoted a lot of her efforts to make her think of her child. She only had less than 3% of the shares in her hand, which made her unable to sleep or eat. The shares in her hand were sold at a price of $30 to $60. Now they are repurchased for $2. This investment has made her make a lot of dollars.
Song Xiaoran immediately invested hundreds of millions of US dollars to repurchase Boya shares, repurchasing about 43% of the shares in total. With nearly 3% of the shares in her hands, her total shares reached 46.8%. Ye Xiang also spent nearly 20 million US dollars to acquire 7.5% of Boya's shares through Boya's overseas investment company. In this way, the two's shares combined reached 54.3%. There is no problem with absolute holding. Due to the large investment of the two, Boya's stock rose from the original $2 to $4 in less than a month and gradually stabilized.
In late September, Li Jing returned from the United States with her son Jin Xiaopeng and moved into the sea view garden villa prepared by Ye Xiang for her. Ye Xiang specially hired a senior nanny to take care of the children. At the same time, he hired a full-time nanny to do housework. Ye Xiang had other considerations for Xu Yan. After Li Jing came back, he had to start a highway management company. He wanted Xu Yan to serve as the office director and assisted Li Jing in building the company's structure as soon as possible.
Regarding the fact that he had a son, Ye Xiang decided not to disclose it to his parents for the time being. After all, he is a freshman and is afraid that his parents will not accept this fact for the time being. It will not be too late to consider it after graduating from college.
According to Ye Xiang's idea, the Gaolu Road Management Company must be located in Donghai City, which facilitates the management and operation of these four highways. In addition to asking Li Jing to recruit some management personnel, a certain number of professional personnel will be selected from the Nanxiang Group Road and Bridge Construction Project Department to provide maintenance and maintenance of the highways. In this way, it can basically operate, and then the operation process will be gradually improved. After the next two highways are completed, the management company will basically get on the right track.
Ye Xiang bought a BMW and a Santana car and hired two drivers. BMW was Li Jing's seat and Santana was for Xu Yan because the preliminary work of establishing a company was mainly to handle various procedures for high-management companies, as well as to purchase or rent office locations. Although the procedures for establishing a company were green all the way in the province, some people had to run these things and fell on Xu Yan's head. It was inconvenient to say that there were many vehicles needed after the company was established. This was just a matter of buying early and buying late.
Xu Yan never dreamed that one day she could become the office director of such a large company and was equipped with a special car. She was full of infinite vitality and was very enthusiastic and active in her work. She only had a week to run off the procedures needed to establish a company. At the same time, according to the scale proposed by Ye Xiang and Li Jing, she fell in love with three suitable office locations and took back the collected information for Ye Xiang and Li Jing to refer to it.
Ye Xiang finally fell in love with the office buildings and factories of the former provincial radio factory No. 2. In the tide of reform, due to backward technology and equipment, the Radio Factory No. 2 went bankrupt two years ago due to backward technology and equipment. The office buildings and factories have been idle to this day. Several companies have wanted to buy this place, but they have not agreed on the price.
Ye Xiang saw the business opportunities at a glance. Although Radio Factory 2 is not the center of Donghai City, it seems a bit remote now, with the continuous development and expansion of Donghai City, it has become a commercial area with every inch of land in 10 years. Its office building, factory building and courtyard are more than 7,000 square meters. If you buy it for real estate development for 10 years, you will definitely make a fortune.
Although the 6th floor office building of Radio 2 is an old building in the 1960s, its quality is very good, and it will not be a problem for decades to be used. If it is slightly renovated and renovated, it is just right for the office building of the highway management company. Moreover, the factory and courtyard behind can also be used as warehouses. It can be said that it kills two birds with one stone.
Wang Lei came forward to find the province, which was also counting on Nanxiang Group to invest in the other two highways. Besides, as the office location of the highway management company, it still made certain concessions in terms of price. Although it was not much, the price of 350,000 still made Ye Xiang feel that he had taken a huge advantage.
The renovation of the office building was carried out by the first project department of the construction company under Nanxiang Group. Li Jing led a group of people to recruit soldiers. Due to the generous salary and benefits, a group of outstanding talents were quickly recruited, and the company's shelves were set up.
Turning in March of the Chinese New Year, the highway constructed by Nanxiang Group and Yuncheng Company reached its final stage and will be completed in another month. At this time, Donghai Highway Management Company was officially established. Provincial President Song Guoping visited the site to cut the ribbon, which was unprecedentedly grand.
The merger of more than one billion excellent assets of Donghai Gaolu Management Company into the Nanxiang Group has made Nanxiang Group make another leap. With the help of Bai Xiaoman, it quickly passed the listing approval, and Nanxiang Construction Group became the 9th listed company in Donghai Province.
At Ye Xiang's suggestion, Song Xiaoran decided to invest 1.25 billion yuan to build the other two highways and entrusted Nanxiang Group to fully act on the matter, including the management and operation after completion. She devoted herself to the construction of Boya.com and had no time to take into account the matter of highways. Anyway, she had too much money to spend, so Ye Xiang promised that she would not have to worry about this matter at all, just wait to collect the money, she enjoyed the success and to continue.)
I am Yanei Chapter 229 High Development
Chapter completed!